Islamic Financial Literacy And Inclusion: A Post-Implementation Study Of Sharia Financial Institution Qanun In Aceh, Indonesia

Abstract

This research investigates the level of Islamic financial literacy and inclusion in Aceh Province after the implementation of Aceh Qanun Number 11 of 2018 on Islamic Financial Institutions. The low literacy of Islamic financial services can affect the low financial inclusion in accessing Islamic financial services and products. Measurement of Islamic financial literacy uses indicators of knowledge, skills, beliefs, attitudes and behavior. Measurement of Islamic financial inclusion uses indicators of availability, use of products and services, product quality, and welfare. The results of the research on the level of Islamic financial literacy amounted to 71%, the people of Aceh have literacy knowledge at the middle level. The level of Islamic financial inclusion is 80%, increasing access to Islamic financial products and services in Aceh. Strategies for increasing Islamic financial literacy and inclusion include educating financial knowledge and skills, developing infrastructure, socializing products, expanding access to Islamic financial products and services in accordance with the needs and abilities of the community.